Friday, September 22, 2006

Risk - not people - tops the management priority list


People issues appear to be dropping down the priority list for today's senior executives as new research finds that managing risk has overtaken improving the workforce as management's top priority.

The annual survey by Accenture of 436 bosses in North America, Europe and Asia looked at the areas of greatest concern to senior management in an effort to understand how their priorities have shifted over the past three years.

After managing risk the next most important priority was "achieving growth while increasing profitability", followed by acquiring new customers and using IT to reduce costs and create value.

Changing organisational culture and employee attitudes came fifth on the list, followed by the need to increase customer loyalty and retention, improve workforce performance, increase shareholder value, apply innovation to stay ahead of the competition and, finally, attract and retain skilled staff.

See full Article.